Comfort Systems USA, Inc. • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 20118.0× the size of Comfort Systems USA, Inc. • Robinhood Token (FIX) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 33 shared trading days). FIX has been the more volatile of the two, at 87% annualised against SPCXB's 73%.

Correlation: 0.42
Size ratio: 1 : 20118.0

Comfort Systems USA, Inc. • Robinhood TokenFIX

$980.2200

24h: -10.11%
Market cap: $9,887
Volume 24h: $347
Volatility (ann.): 87%

SpaceX (bStocks Tokenized Stock)SPCXB

$126.9600

24h: -5.29%
Market cap: $198.92M
Volume 24h: $64.03M
Volatility (ann.): 73%

FIX 0.0%Share of the two combined market caps100.0% SPCXB

Performance

FIXSPCXB

7 days-24.46%-12.85%SPCXB
30 days-41.65%-27.86%SPCXB
90 days—-8.57%—

Correlation

0.42over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4290d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	FIX	SPCXB
Max drawdown (400d)	-44.1%	-47.5%
Risk-adjusted return (90d)	-0.47	-0.15

Relative strength over 90 days: SPCXB outperformed FIX by 27.7% — measured on the FIX/SPCXB ratio, so it holds regardless of market direction.

Comfort Systems USA, Inc. • Robinhood Token →SpaceX (bStocks Tokenized Stock) →